Based on the following data, would you recommend buying or renting $($assume after$-$tax savings interest rate of three percent and a tax rate of $24\%.$

Rental Costs Buying Costs

Annual rent $ $12,000$ Annual mortgage payments $($$$21,000$ is interest$)$ $ $24,000$

Insurance $ $200$ Property taxes $ $4,000$

Security deposit $ $1,000$ Insurance$/$maintenance $ $4,000$

Down payment$/$closing costs $ $90,000$

Growth in equity $ $3,000$

Estimated annual appreciation $ $16,000$